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Thailand Securities and Exchange Commission (SEC) has introduced regulatory changes that could reshape its cryptocurrency landscape. Announced on October 9, these proposed rules would allow institutional-grade funds—such as mutual and private funds—to invest in digital assets, including U.S.-based spot cryptocurrency exchange-traded funds (ETFs).
Binance Thailand’s CEO, Nirun Fuwattananukul, sees this as a “vital step” in advancing Thailand’s fintech ambitions and shared his thoughts in a recent Bangkok Post article, highlighting how the policy aims to foster a more sophisticated, regulated market.
Fuwattananukul believes the new approach is more than just a nod toward legitimizing Bitcoin and similar cryptocurrencies. Instead, it seeks to build a mature ecosystem that supports both traditional and digital financial assets. By allowing broader institutional participation, the Thai SEC is helping digital assets gain credibility in mainstream finance, according to Fuwattananukul, and establishing Thailand as a regional hub for blockchain innovation.
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Shaping a Regulated Digital Asset Ecosystem
The SEC’s regulatory framework is expected to benefit high-net-worth investors, while retail investors may face limitations on fund access. This strategic shift is intended to add depth to Thailand’s digital asset sector while containing associated risks. Additionally, Thailand’s central bank continues to uphold restrictions on using crypto for direct payments, focusing instead on investment avenues.
The development of real-world asset (RWA) tokenization is also gaining momentum in Thailand, according to Fuwattananukul. Financial institutions are increasingly exploring blockchain’s potential to digitize traditional assets like real estate, bonds, and stocks. By enabling these assets to be tokenized and traded on blockchain platforms, the country could see significant market expansion.
In fact, research from Tren Finance suggests that the RWA tokenization sector could experience up to fiftyfold growth by 2030, underscoring the potential impact of blockchain integration in Thailand’s financial system.
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Thailand’s Expanding Crypto Market
While the shift to institutional focus is clear, retail interest in crypto trading remains strong. Bitkub, one of Thailand’s largest exchanges, continues to see active retail trading with around $33.5 million in daily trading volume.
As Thailand’s crypto market matures, this balance between institutional and retail participation reflects a robust market evolution supported by careful regulation and innovative practices.
